DETROIT ? Entrepreneurs now have a better way to get their business message in front of potential investors at a new web site called PitchCorner.Com, which will award $5000 for the top pitches posted.

Each video-elevator pitch posted on PitchCorner.Com by June 30, 2010, is automatically entered in the contest. The judging starts with PitchCorner.Com members who select the ten semi-finalists through a popular vote. A panel of business professionals chose the five winners. First place pays $2,500, second place, $1,250, third place, $750, fourth place, $300 and fifth place, $200.

The first quarter contest was rolled over into the second quarter because less than the minimum of 50 paid pitches were posted by March 31, 2010.

An elevator pitch is an old technique in which a person seeking financing rides in an elevator with a potential investor and “pitches” their idea during the ride up. So the pitch must be short and convincing. But in the pitch, entrepreneurs must explain their business idea, tell investors how much funding they need, how they intend to spend the money, and what return investors can expect as a return.

And at PitchCorner.Com, members can hone their elevator pitches with the feedback they get from comments posted at the site. This means members can update their pitches as often as they like until there are “perfect.” The videos can be shot by a web cam, or members can post professionally produced video.

To provide potential investors with more information, PitchCorner.Com members also can post their business-plan executive summary. Or, if they prefer, protect their plans by stating that it is, “Available upon email request.”

“The key to raising money for your new enterprise will contain many elements,” said Rick Galdi, co founder of PitchCorner. Galdi also is a serial entrepreneur and professional angel investor. “Primary among them is being seen and heard.

“In the early stages of raising capital, you’re selling the business opportunity more than the products or service,” he said. “PitchCorner allows anyone with an idea to be seen and heard for a low monthly membership – about as much as a business lunch for one. Posting a pitch gives your business idea 24/7 exposure to the entrepreneurial community and to those who finance and support it. When a pitch is posted, it projects the founder’s personality and enthusiasm on video, which offers a complete package to the business investor. Investors today invest more in people than in plans anyway.”

PitchCorner.Com is the first business project to come out of Pitch Media Inc. The founding partners include Rick Galdi, president of WindfallProjectz, an investment company in Birmingham, MI; Mike Brennan, Editor & Publisher of MITechNews.Com, based in Grand Rapids, MI; Gene and Jeff Renaker, a father and son team that co-own Renaker Advertising & Design in Clarkston, MI.

PitchCorner.Com, where SMART entrepreneurs start.

To enter the contest, click on PitchCorner.Com

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